by our College Data Analytics TeamA large number of students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at The Rapha School can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial aid solutions can The Rapha School deliver, and just what are you going to be eligible for? Keep reading for answers. Read on to find out how much school funding will be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at The Rapha School.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
Among first-time, full-time freshmen at The Rapha School, 44% of first-year full-time students received aid of some kind approximately 33 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 35% | $6,973 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 31% | $5,885 |
| State/local grants | 12% | $5,104 |
| Federal student loans | 32% | $9,137 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, around 35% of undergraduate students received gift aid averaging $7,198 (among about 29 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 35% | $7,198 |
| Federal Pell grants | 30% | $5,908 |
| Federal student loans | 33% | $10,678 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,494.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,426 |
| $30,001 – $75,000 | $11,253 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $14,879 |
| Off-campus title-IV students | $13,266 |
To project your own net price, use The Rapha School’s net price tool: www.theraphaschool.com/federal-student-aid.html.
A handful of calculated indicators summarize the debt outlook at The Rapha School.
References
More about our data sources and methodologies.